Can I retire at age 54 with 749,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,852$61,301$60,763$60,239$59,726$58,000
2 years$30,620$30,049$29,497$28,961$28,441$26,716
3 years$20,210$19,638$19,086$18,556$18,044$16,374
4 years$15,007$14,436$13,890$13,368$12,869$11,267
5 years$11,885$11,318$10,779$10,268$9,783$8,252
6 years$9,805$9,242$8,711$8,211$7,741$6,284
7 years$8,320$7,761$7,239$6,751$6,295$4,912
8 years$7,206$6,653$6,139$5,663$5,223$3,912
9 years$6,341$5,792$5,288$4,824$4,398$3,159
10 years$5,649$5,106$4,610$4,158$3,748$2,577
11 years$5,083$4,545$4,059$3,619$3,223$2,121
12 years$4,612$4,080$3,602$3,174$2,793$1,756
13 years$4,213$3,687$3,218$2,802$2,436$1,462
14 years$3,872$3,351$2,891$2,488$2,135$1,222
15 years$3,577$3,061$2,611$2,219$1,880$1,025
16 years$3,318$2,809$2,367$1,986$1,661$862
17 years$3,091$2,587$2,154$1,785$1,473$727
18 years$2,889$2,390$1,966$1,608$1,310$614
19 years$2,708$2,215$1,800$1,453$1,167$520
20 years$2,546$2,059$1,652$1,316$1,043$441
21 years$2,399$1,917$1,519$1,195$933$374
22 years$2,266$1,790$1,400$1,086$836$318
23 years$2,144$1,674$1,293$989$751$270
24 years$2,033$1,568$1,196$902$675$230
25 years$1,931$1,472$1,108$824$607$195
26 years$1,837$1,383$1,027$753$547$166
27 years$1,750$1,302$954$690$493$142
28 years$1,669$1,227$887$632$445$121
29 years$1,594$1,157$825$579$402$103
30 years$1,525$1,093$769$532$363$88
31 years$1,459$1,033$717$488$328$75
32 years$1,399$978$669$449$297$64
33 years$1,341$926$624$413$269$55
34 years$1,288$878$583$380$243$47
35 years$1,237$832$545$350$220$40
36 years$1,190$790$510$322$200$34
37 years$1,145$750$477$297$181$29
38 years$1,102$713$447$273$164$25
39 years$1,062$678$419$252$149$21
40 years$1,024$645$393$233$135$18
41 years$988$614$368$215$122$15
42 years$954$585$345$198$111$13
43 years$921$557$324$183$101$11
44 years$890$531$304$169$92$10
45 years$860$506$286$156$83$8
46 years$832$483$268$144$75$7
47 years$805$461$252$133$68$6
48 years$779$440$237$123$62$5
49 years$755$420$223$114$56$4
50 years$731$402$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $749,000, adding $2,906 every year, while hoping to spend $22,941 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/30/13 Blend
53$749,000$749,000$749,000$749,000
54$828,396$788,699$777,089$872,726
55$888,483$802,936$778,712$917,284
56$953,930$817,102$779,621$963,033
57$1,025,260$831,169$779,768$1,012,346
58$1,103,047$845,107$779,101$1,065,567
59$1,187,925$858,884$777,568$1,123,077
60$1,280,590$872,466$775,113$1,185,296
61$1,381,809$885,815$771,678$1,252,684
62$1,492,426$898,893$767,202$1,325,753
63$1,613,371$911,656$761,620$1,405,063
64$1,745,667$924,059$754,866$1,491,235
65$1,890,440$936,053$746,870$1,584,952
66$2,048,932$947,587$737,557$1,686,966
67$2,222,508$958,604$726,850$1,798,109
68$2,412,674$969,046$714,670$1,919,295
69$2,621,086$978,848$700,930$2,051,535
70$2,849,569$987,944$685,544$2,195,941
71$3,100,133$996,261$668,417$2,353,741
72$3,374,992$1,003,723$649,454$2,526,289
73$3,676,583$1,010,248$628,554$2,715,076
74$4,007,594$1,015,748$605,609$2,921,749
75$4,370,981$1,020,133$580,509$3,148,121
76$4,770,004$1,023,302$553,139$3,396,194
77$5,208,252$1,025,152$523,377$3,668,173
78$5,689,681$1,025,571$491,098$3,966,490
79$6,218,646$1,024,442$456,167$4,293,827
80$6,799,947$1,021,639$418,448$4,653,141
81$7,438,872$1,017,029$377,796$5,047,691
82$8,141,244$1,010,471$334,060$5,481,072
83$8,913,482$1,001,816$287,082$5,957,247
84$9,762,656$990,904$236,698$6,480,586
85$10,696,556$977,567$182,737$7,055,904
86$11,723,765$961,627$125,018$7,688,514
87$12,853,737$942,895$63,354$8,384,271
88$14,096,892$921,171$0$9,149,629
89$15,464,710$896,243$0$9,992,045
90$16,969,837$867,886$0$10,928,426
91$18,626,212$835,863$0$11,958,653
92$20,449,188$799,923$0$13,092,293
93$22,455,685$759,800$0$14,339,889
94$24,664,346$715,211$0$15,713,063
95$27,095,714$665,861$0$17,224,624
96$29,772,423$611,434$0$18,888,692
97$32,719,414$551,598$0$20,720,828
98$35,964,169$486,001$0$22,738,183
99$39,536,971$414,273$0$24,959,664
100$43,471,190$336,020$0$27,406,106